For our Exam #3 you will perform an assessment of the City of Homer, Alaska CAFR using the ratios identified in Chapter 10. You will compute all the ratios for 2 comparative years, and provide a brief interpretation/assessment of the observed changes in relation to the financial condition of Homer. You may use your textbook, notes and other resources to complete this exam but all work must be your's alone. No collaboration with other students. It must be your individual work only. So download the CAFR provided below, and compute the ratios shown on 10-3 and 10-4. I strongly recommend using Excel to compute all of your ratios, and to provide your interpretations. Your work should be well organized and clearly labeled.
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